#bitcoinfall down : Here’s where Bitcoin stands now:

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📉 Why Did Bitcoin Fall?

🔽 Key Drivers:

• U.S. Tariffs & Macro Uncertainty

On August 1, Bitcoin lost over 3% as new U.S. tariffs and broader economic worries spurred a risk-off sentiment. Equities and crypto markets declined in unison.  

• Technical Resistance Pressures

Bitcoin repeatedly failed to break beyond $110K–$112K and has begun slipping toward key support levels between $104K–$110K. Analysts warn of further downside if $115K support breaks.  

• Profit-Taking & Liquidations

Whales and leveraged longs are taking profits or getting liquidated, accelerating downward pressure. Some technical analysts suggest deeper sell-offs if psychological levels like $100K breach. 

🧠 Expert Commentary:

• Some warn of an 80% crash from corporate buyer Saifedean Ammous. Others forecast a 50% decline to ~$60K if key levels fail. 

• Still, other analysts believe a crash like 2022 is unlikely unless a major black swan event occurs. 

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📊 Where Could Bitcoin Go from Here?

Price Level Significance

$115K Current key support zone

$104K–$110K Potential support if losing $115K holds

$100K Major psychological floor; possible target

$90K–$93K Forecasted collapse if $100K fails

Some models suggest Bitcoin could recover post-pullback, potentially surpassing recent highs. Others warn that deeper swings could test levels near $104K or below.   

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🧭 Bottom Line

Bitcoin’s latest drop stems from macroeconomic stress (notably U.S. tariffs), technical resistance around $110K–$112K, and profit-taking/liquidation dynamics kicking in. If support at current levels breaks, deeper corrections toward $104K or even $100K become more plausible. That said, absent severe shocks, a full-scale crash is not expected by many industry watchers.